Latest from Banking and finance

Pike River chairman: Company insured for $100m

As the West Coast struggles with the emotional cost of the Pike River tragedy, chairman John Dow has reassured the community there is still a future for the mine and the company.

Finance company accountant gets 18-months jail

John Gray, the former accountant for collapsed finance company National Finance 2000 has been sentenced to 18 months prison for theft and false accounting. He was granted bail while he appeals his sentence.

NZ dollar drags itself back from month low vs greenback

Pike River ponders road ahead

Dollar falls to lowest level in a month

Euro fears weigh on Aussie stocks

The Australian share market closed steady yesterday after regaining early losses as investors bought into stocks weakened by concerns about European sovereign debt and tensions on the Korean peninsula.

Oz shares catch ride on rail float

The Australian stock market closed higher on a day when trade was dominated by the public float of Queensland freight railways, QR National.

Dollar falls a cent on credit rating dip

SFO 'neglect' claims don't fit the facts, says former director

Last week's story on the SFO has prompted a response from former director David Bradshaw.

<i>Bernard Hickey:</i> Why we must try to dodge the currency elephants

Hotchin titles amalgamated to prepare for sale of Orakei mansion

NZ dollar slips lower against US

May Wang pays back $62,000 - IRD still wants her bankrupt

Reserve Bank powerless in currency fight, says Key

Prime Minister John Key says NZ and its central bank are effectively powerless when it comes to checking the strength of the kiwi dollar.

NZ dollar dips below US79c

<i>NZ Dollar Outlook:</i> Kiwi to have run at US80c

The New Zealand dollar will try to break above 80 US cents this week after the Federal Reserve said it will start printing US$600 billion.